Business Valuator, Forensic/Litigation Support Accountant, and Accountant Consultants
Business Valuator, Forensic/Litigation Support Accountant, and Accountant Consultants

Not For Profit

Blog categorized as Not For Profit

New revenue idea? Watch out for the commerciality doctrine
The commerciality doctrine was created to address concerns over nonprofits competing at an unfair tax advantage with for-profit businesses. It could trip up your organization if you’re not careful. Read on.
03.02.21 10:42 AM - Comment(s)
Should your nonprofit accept that new grant?
Government or foundation grants can help your nonprofit expand its reach and improve its effectiveness. But they also may hamstring your organization in several unexpected ways.
02.09.20 01:19 PM - Comment(s)
Overcoming the challenges of remote auditing during the COVID-19 crisis
Audit “fieldwork” has taken on a new meaning during the COVID-19 crisis. Here’s how you can facilitate the transition to remote auditing and help ensure timely, transparent financial reporting.
08.06.20 11:07 AM - Comment(s)
Accounting for contributions and grants is now easier

Accounting for contributions and grants has often proven complicated for not-for-profits, especially when they come with donor-imposed conditions. But 2018 guidance from the Financial Accounting Standards Board (FASB) provided some much-needed clarification of earlier instructions.

Provider factor


11.12.19 12:19 PM - Comment(s)
Give your nonprofits board the right information
What information should you share with your board? There are three basic categories. But in general, if it’s something that will help them serve your nonprofit, it’s something you should share.
30.10.19 04:58 PM - Comment(s)
Buy or lease? Both can benefit nonprofits
When a nonprofit must choose whether to buy or lease its facility, the decision-making process can be tough, with many factors to consider. We review the pros and cons of each option.
24.10.19 12:49 PM - Comment(s)
Warning! 4 signs your nonprofit is in financial danger

Signs of financial distress in a not-for-profit can be subtle. But board members have a responsibility to recognize them and do everything in their power to avert potential disaster. Pay particular attention to: 

1. Budget bellwethers. Confirm that proposed budgets are in line with strategi...

09.06.19 03:24 AM - Comment(s)
Compensating nonprofit board members

Contrary to popular belief, it’s usually perfectly legal to compensate not-for-profit board members — and sometimes it might even be necessary. But is it right for your organization?

Pros and cons
Board member compensation comes with several pros and cons to consider. Your organization might, for exam...

09.06.19 02:00 AM - Comment(s)
When it comes to revenue, nonprofits need to think like auditors

Auditors examining a not-for-profit’s financial statements spend considerable time on the revenue figures. They look at the accounting methods used to record revenues and perform a detailed income analysis. You can use the same techniques to increase your understanding of your organisation's re...

08.06.19 10:32 PM - Comment(s)
Can you trust your business’s bookkeeper?

The bookkeeper is one of any company’s most trusted employees. Unfortunately, that trust isn’t always deserved. Bookkeepers — particularly those in small and midsize businesses — are ideally positioned to embezzle from their employers.

Less means more
When bookkeepers go bad, there are plenty of ways ...

08.06.19 09:57 PM - Comment(s)